RBI Sells Nearly $400 Billion in FY25:
The Reserve Bank of India (RBI) sold a record $398.71 billion worth of foreign currency on a gross basis in FY2024-25. This marks the highest-ever intervention by the central bank, reflecting its aggressive stance amid geopolitical uncertainty and the fear of global economic disruption, particularly linked to potential shifts in US leadership and trade policy.The Reserve Bank of India released data showing an all-time high gross sale of foreign currency during FY2024-25, largely triggered by rupee depreciation and heightened global economic risks. The data highlights India’s strategic forex management efforts and the substantial financial cost associated with defending the currency.
